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Ian Guider: Review of funds industry could open a Pandora’s box of problems

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Ten of billions of Russian assets were flowing through Dublin but that’s just a fraction of the €3.7 trillion in funds based in Ireland raising concerns among regulators

A number of years ago this newspaper revealed the tactics and strategies international investment funds had been using to minimise their corporation tax bills on the tens of billions of euro of distressed property assets and loans they scooped up.

The work by UCD School of Social Policy found that from 2014 to 2016 the state lost out on anywhere between €250 million and €350 million in revenue because of the structures used by funds ...

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Ian Guider: Review of funds industry could open a Pandora’s box of problemsTen of billions of Russian assets were flowing through Dublin but that’s just a fraction of the €3.7 trillion in funds based in Ireland raising concerns among regulators
Source: businessposthq - 🏆 8. / 71 Read more »